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Apple's stock has been declining. Will the holiday shopping season bring it back?
What’s wrong with Apple? That’s what folks may be asking as the California technology giant’s stock price continues to slide. The company introduces a new iPhone and a new iPad Mini — and sees its shares hammered down by 100 points, from a high of more than $700?
Wall Street is getting nervous about Apple’s ability to — essentially — continue printing money with its popular smartphones and tablets. The company reported disappointing earnings last week, the result of having spent a lot to revamp its product lines in time for the holiday season.
Apple also cautioned that it might not make as much money this holiday season — but some analysts think the company may be playing possum, underpromising in order to overdeliver.
Apple is still Apple — even if it’s worth $100 billion less than it was a month ago. But it has some work on the horizon.